Alberta Oil Prices

• As oil prices dip, critics warn Alberta could lose its budget surplus

  In its latest budget, the government projected the price of West Texas Intermediate (WTI) to average US $79 per barrel.

  Economy

  Jun 28
  
• Albertans to see tax hike on gas prices Oct. 1

  Retailers have been told by the UCP government to begin collecting 4.5 cents per litre in provincial fuel taxes as the average closing price of WTI has fallen below $90 per barrel.

  Consumer

  Sep 22, 2022
  
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• Alberta rural municipalities say unpaid oilpatch taxes rising despite high energy prices

  The Rural Municipalities of Alberta says its members were owed more than $250 million at the end of last year — up three per cent over the previous year.

  Money

  Mar 8, 2022
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• One year after crude turned negative, oilpatch relishes first quarter profit outlook

  WTI daily spot prices have averaged US$60.46 per barrel so far in the second quarter, up from US$58.13 in the first quarter.

  Economy

  Apr 18, 2021
• COVID-19, low oil prices leads to dramatic drop in demand for power in Alberta

  The drop in power demand adds up to the amount of power used by two medium-sized Alberta cities, and just like the economy, it will take some time for demand to fully return.

  Economy

  Jul 20, 2020
• What does the oil price drop mean for the average Canadian?

  Consumers may not see any immediate repercussions from the negative levels that global oil prices are now facing, but experts say we need to look at the bigger picture.

  Economy

  Apr 22, 2020
• Oil prices are in the negative: COVID-19 rules to stay home played a huge part

  As oil prices dropped to unprecedented negative levels Monday, experts say it's the result of an oversupply problem due to COVID-19 stay-at-home orders.

  Economy

  Apr 20, 2020
• Alberta premier worried about layoffs as oil and gas sector struggles with coronavirus

  Premier Jason Kenney says time is of the essence as he takes demands for more aid to Alberta businesses to the first ministers meeting in Ottawa this week.

  Canada

  Mar 11, 2020
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• Acquisitions, insolvencies cited as drilling company count tumbles by 40%

  A new analysis cites industry data which shows only 26 drilling contractors have been working so far in 2019, 17 fewer than observed in 2014.

  Economy

  Apr 22, 2019
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• Hundreds of trucks roll through Whitecourt as part of pro-pipeline convoy

  On Sunday afternoon, an eight-kilometre convoy of big rigs and pickups rolled through Whitecourt, located about 165 kilometres northwest of Edmonton.

  Economy

  Dec 30, 2018